June 16, 2013:
Prescott Lovern, Sr. and R&L Associates Law have now discovered how the FDIC is laundering dirty titles connected to Mortgages clouded with fraudulent recorded MERS title conveyance documents. [MERS is Mortgage Electronic Registration Systems, Inc.]. The FDIC sells in bulk, mortgages that any U.S. FDIC insured bank / savings & loan is not allowed by law to own or service because the mortgage is on a property that does not have clear title. This conduct triggers RICO and a host of state and federal violations, including felonies.
The FDIC is doing this to avoid having to tell the failed bank / savings & loan customer homeowner the truth about their clouded title, and to help MERS cover-up their nationwide mortgage / foreclosure / title fraud conspiracy that includes FDIC insured banks / savings & loans. The federal government is engaged in very serious criminal fraud. Prescott Lovern, Sr. confronted FDIC officials / lawyers who have not denied the allegations.